Crypto.com’s Controversial $5B Token Mint Sparks Insolvency Fears

Crypto.com USA Crypto.com faces backlash over $5B CRO minting, fueling insolvency fears amid lack of recent audits. Last updated: March 19, 2025 Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Author Profile Share Copied Last updated: March 19, 2025 at 07:37 GMT+2 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Crypto.com is facing fresh scrutiny from the cryptocurrency community following its controversial vote to mint 70b CRO tokens, worth about $5b. CRO is the native cryptocurrency of the Crypto.com ecosystem, used for transaction fees, staking and rewards on the platform. The move has fueled fears that the exchange might be secretly insolvent, according to a viral Reddit post by user u/GabeSter on r/CryptoCurrency. The controversy erupted after Crypto.com proposed to remint tokens it had previously burned in 2021. At the time, the company had touted the token burn as a way to solidify CRO’s long-term value by reducing supply. However, on March 2, 2025, the exchange put forth a proposal to reintroduce the 70b CRO supply, sparking widespread backlash. Although the proposal was put to a vote, the exchange’s significant control over voting power ensured its passage, despite most independent validators rejecting... https://cryptonews.com/news/crypto-com-controversial-5b-token-mint-raises-insolvency-fears/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple